Gamma exposure / TSLA
TSLA gamma exposure
Dealer hedging is positioned to lean against moves.
TSLA is at 390.22, 3.55% above its gamma flip at 376.38. In positive gamma, dealer hedging tends to lean against moves: dealers sell into rallies and buy into dips.
The call wall is 400 and the put wall is 390. The king node, the strike where dealer hedging is most concentrated, is 400. The 1-sigma range to the 2026-11-16 close is ±12.70 (377.52 to 402.92).
As of 4:00 PM ET, Fri Nov 13. The map refreshes through the trading day.
The full map adds the playbook and the price chart with every level. Live data, options flow and CVD come with a HelmFi plan.
The numbers
| Price | 390.22 |
|---|---|
| Gamma regime | Positive gamma |
| Gamma flip | 376.38-3.55% |
| Call wall | 400+2.51% |
| Put wall | 390-0.06% |
| King node | 400+2.51% |
| Total dealer gamma | +$0.12bn per 1% move |
| 1-sigma range | ±12.70 to 2026-11-16 |
| Max pain | 387.502026-11-16 expiry |
| Gamma expiring today | 0% |
Common questions
- Is TSLA in positive or negative gamma right now?
- Positive gamma. As of 4:00 PM ET, Fri Nov 13, TSLA is at 390.22, 3.55% above its gamma flip at 376.38. In positive gamma, dealer hedging tends to lean against moves: dealers sell into rallies and buy into dips.
- Where is TSLA's gamma flip?
- At 376.38, -3.55% from the price of 390.22. The flip is the price where total dealer gamma crosses zero: positive gamma above it, negative below.
- What are TSLA's call wall and put wall?
- The call wall is 400 and the put wall is 390. The call wall is the strike above the price with the largest positive dealer gamma; the put wall is the strike below it with the largest negative dealer gamma. They mark where hedging pressure tends to lean against price.
- What is TSLA's king node?
- 400. It's the strike with the largest absolute dealer gamma, where hedging is most concentrated.
How it's calculated
Levels come from the TSLA options chain (expiries out to 45 days, strikes within 18% of the price), modeled with the industry-standard convention that dealers are long calls and short puts. It's a model of positioning, not a measurement. Full formulas are on the methodology page.